Cambrige Analityca filed for bankruptcy

Cambrige Analityca filed for bankruptcy

The political consulting firm, which was at the heart of the Facebook privacy scandal, filed for bankruptcy on Thursday under the seventh chapter of the U.S. laws.

The financial situation of Cambridge Analytica deteriorated when it was revealed that during the Donald Trup election campaign in 2016, the company misused the data of 87 million Facebook users.

The Company’s estimated assets range from $100,000 to $500,000 and liabilities range from $1,000,000 to $10,000,000.

 

Source: https://www.cnbc.com/2018/05/18/cambridge-analytica-files-for-bankruptcy-in-us-following-facebook-debacle.html

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